Wall Street seems to have a hankering for some crazy grilled chicken.
Shares of El Pollo Loco's stock rose as much as 5% Thursday evening after the company released earnings for the first time since going public. The stock rose 4% on Friday.
El Pollo Loco said quarterly sales are up about 6%. It also turned a profit, earning $6.1 million compared to the $410,000 it made during the same quarter last year when the company was still private.
It went public on July 25, opening at $15 per share and immediately jumping 60% to finish the day above $24. Shares closed Thursday at $34.79.
The California-based restaurant chain specializes in Mexican-style grilled chicken. It competes with Chipotle Mexican Grill ( and other fast-casual restaurants like Chick-fil-A and )Yum! Brands ( KFC. )
El Pollo Loco ( has 401 company-owned and franchise locations in five states, including Texas and Arizona. But the vast majority of its restaurants are in the Golden State. )
The company said Thursday that it expects to open more than a dozen new stores before the end of the year, including its first in the Houston area.